Money Forward (TSE:3994) Momentum Rank : 5 (As of May. 26, 2024)

View and export this data going back to 2017. Start your Free Trial

What is Money Forward Momentum Rank?

Money Forward has the Momentum Rank of 5.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Money Forward's Momentum Rank

For the Software - Application subindustry, Money Forward's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Money Forward's Momentum Rank Distribution in the Software Industry

For the Software industry and Technology sector, Money Forward's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Money Forward's Momentum Rank falls into.

Money Forward Momentum Rank Related Terms

Thank you for viewing the detailed overview of Money Forward's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Money Forward (TSE:3994) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Money Forward Inc (TSE:3994) » Definitions » Momentum Rank

Comparable Companies

Traded in Other Exchanges

47D:Germany

Address

21st Floor, msb Tamachi Tamachi Station Tower, S 3-1-21 Shibaura, Minato-ku, Tokyo, JPN, 108-0023

Website

https://corp.moneyforward.com

Money Forward Inc provides money-related services for individuals and corporations. Its service portfolio comprises personal financial management services and MF cloud services. Its personal financial management services include economic media that conveys money related themes, automatic savings app and mirai talk channel where customers can resolve their financial concerns together directly with financial planners. Its MF Cloud services comprise cloud accounting software, cloud-based tax return, invoice preparation software, payroll calculation, and cloud-based payment reconciliation.

Money Forward (TSE:3994) Headlines

No Headlines